All the factors below are causes of diminishing marginal returns, except
a. Difficulty of monitoring and motivating larger workforces
b. Increasing complexity of larger systems
c. Division of Labor
d. The "fixity' of some factor
c
Economics
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The deadweight loss from a rent ceiling below the equilibrium rent is smallest when the supply of housing is
A) perfectly elastic. B) elastic but not perfectly elastic. C) unit elastic. D) inelastic but not perfectly inelastic. E) perfectly inelastic.
Economics
The demand and cost schedules for a firm in monopolistic competition are in the above tables
What is the profit-maximizing level of output and price? What amount of profit is the firm earning? Is this firm in a short-run or long-run equilibrium? Why?
Economics